On-Chain vs. Off-chain Transactions – The Main Differences

Blockchain technology is the underlying tech that introduced cryptocurrencies. The technology, yet so young, has immensely transformed the fintech industry, making it possible for persons to transfer value across the globe without any geographical or third-party limitations. The technology enhances the transparency of transactions not only for the grantee but also for the beneficiary. While most people are familiar with the concept of Blockchain technology, few actually understand the two types of transactions necessitated on the blockchain, On-chain and Off-chain…